Commodity intraday strategy 22 sep 2014

MCX Bullion Intraday tips

MCX GOLD Oct. expiry future last closed at 26,503 with loss. In intraday mcx gold future’s high was at 26,665 while low was at 26,461. Total 200-rupee intraday range and closed with loss. Below 26,500, expect targets of 26,200 to 25,800.

MCX SILVER Dec. expiry future last closed at 39,650 with loss. In intraday mcx silver future’s high was at 40.964 while low was at 39,525. Total almost 1400-rupee intraday range and closed with loss. Long-term investors must hop and use 38-40k zones for buying and accumulation.

MCX metal Intraday tips

MCX ALUMINIUM Sep. expiry future last closed at 118.9 with loss. In intraday mcx aluminium, future hit high at 119.7 while low was at 118.8. Total 1-rupee intraday range and closed with loss. For intraday traders stay long with stop loss 117.

MCX COPPER Nov. expiry future last closed at 420.65 with gain. In intraday mcx, copper future made high at 422 while low was at 417. Total 5-rupee intraday range and closed with gain. Stay long with stop loss 414.

MCX LEAD Sep. expiry future last closed at 126.8 with gain. In intraday mcx lead future’s high was at 127 while low was at 125.5. Total 1.5-rupee intraday range and closed with gain. Stay long with stop loss 125.

MCX NICKEL Sep. expiry future last closed at 1080 with loss. In intraday mcx nickel future’s high was at 1090 while low was at 1078. Total 12-rupee intraday range and closed with loss. Stay short with stop loss 1095.

MCX ZINC Sep. expiry future last closed at 138 with gain. In intraday mcx zinc, future hit high at 138.45 while low was at 137. Total 1.5-rupee intraday range and closed with gain. Stay long with stop loss 136.

MCX Energy Intraday tips

MCX CRUDEOIL Oct. expiry future last closed at 5605 with loss. In intraday mcx crude oil, future hit high at 5648 while low was at 5583. Total almost 60-rupee intraday range and closed with loss. Watch 5550 support for fresh buying with strict stop loss.

MCX NATURALGAS Sep expiry future last closed at 234.7 with loss. In intraday mcx natural gas, future made high at 238 while low was at 233. Total 5-rupee intraday range and closed with loss. Long-term investors must buy in 225 to 232 zones.

The Author

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